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A firm has an inventory turnover rate of 18, a receivables turnover rate of 23, and a payables turnover rate of 12. How long is

A firm has an inventory turnover rate of 18, a receivables turnover rate of 23, and a payables turnover rate of 12. How long is the operating cycle?

Multiple Choice

36.37 days
48.15 days
36.15 days
24.37 days
24.15 days

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